The level BTC has reached right now is very important that it hold. Why? because if we break 45'c from the high and the 45'angle from the low, this means the trend is changing into the bearish and possible test of 7k might be realistic. But we are not that far yet.
On the Crash Banger indicator you can read that it perfectly gave a sell signal at the end of the 1st of September. This is the second time it gave a sell signal before a big dump. The last time was on 12th of March. On one of the indicators we see that the red and the greem line approching each other but we are not there yet. We expect, that if BTC hold the $9800, that we see sideway moving till around 7th-9th of September and going up from that point. In this way the Bullish trend will remain. If BTC breaks the $9800 and closes the weekly tomorrow under this price than I have to review my outlook because this will be a very bearish sign. One thing: if you sell now you do something wrong for 100%.
Did you know that the beginning of the dump last week, is exactly 180 days from the Black Thursday crash in March of this year? According to Gann's theory this is repeating behaviour. 6 days, 6 weeks, 6 months, 60 years. 180 is a multiple of 6, 60. But also Gann saw a years counting 360 days and not 365 days. Every day is a 1 degree angle. So 360 divide by 2 = 180. Repeating behaviour like the winter is beginning or the summer....
Hang in there..!!
On the Crash Banger indicator you can read that it perfectly gave a sell signal at the end of the 1st of September. This is the second time it gave a sell signal before a big dump. The last time was on 12th of March. On one of the indicators we see that the red and the greem line approching each other but we are not there yet. We expect, that if BTC hold the $9800, that we see sideway moving till around 7th-9th of September and going up from that point. In this way the Bullish trend will remain. If BTC breaks the $9800 and closes the weekly tomorrow under this price than I have to review my outlook because this will be a very bearish sign. One thing: if you sell now you do something wrong for 100%.
Did you know that the beginning of the dump last week, is exactly 180 days from the Black Thursday crash in March of this year? According to Gann's theory this is repeating behaviour. 6 days, 6 weeks, 6 months, 60 years. 180 is a multiple of 6, 60. But also Gann saw a years counting 360 days and not 365 days. Every day is a 1 degree angle. So 360 divide by 2 = 180. Repeating behaviour like the winter is beginning or the summer....
Hang in there..!!